Michael Cohn

The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.

The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and nontax forms it receives digitally in the next two years.

The Center for Audit Quality is working to convince the board to water down a proposed update telling auditors to be on the lookout for fraud and other signs of noncompliance.

The International Auditing and Assurance Standards Board proposed new rules for providing outside assurance on a company's sustainability reporting efforts.

CPA firms are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven't graduated college.

Annual pay grew 6.2% year over year, according to payroll processor ADP, which separately added generative AI features to its software.

Economic confidence among accountants in North America grew in the second quarter, but declined in other parts of the world.

Earnings growth for small business employees fell below 4% for the first time in more than two years, according to Paychex.

CLA acquires Frost; UHY combines with Bigelow; Withum adds TMDG and PBMares practices; RKL eSolutions buys CPA Technology; and Anglin Reichmann Armstrong merges in Adamson.

The board proposed an ASU Monday to give investors more information about a company's expenses.

The European Commission adopted the European Sustainability Reporting Standards on Monday; they will take effect in 2024.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

The board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

The board is proposing to create an XBRL version of its recently released ESG standards.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

Aprio is growing in Alabama, and Adams Brown is growing in IT and cybersecurity services.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

Companies have been doing more reporting on their corporate social responsibility efforts, but that's especially the case when there's a new chief executive in place.